Robert M. Bakish - Jul 20, 2021 Form 4 Insider Report for AVID TECHNOLOGY, INC. (AVID)

Role
Director
Signature
/s/ Alessandra Melloni as Attorney-in-Fact for Robert M. Bakish
Stock symbol
AVID
Transactions as of
Jul 20, 2021
Transactions value $
-$1,087,626
Form type
4
Date filed
7/22/2021, 04:16 PM
Previous filing
Jul 20, 2021
Next filing
Jul 26, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVID Common Stock Sale -$528K -14.3K -1.86% $36.89 755K Jul 20, 2021 Direct F1, F2
transaction AVID Common Stock Sale -$484K -13K -1.72% $37.24 742K Jul 21, 2021 Direct F1, F3
transaction AVID Common Stock Sale -$75.3K -2K -0.27% $37.64 740K Jul 21, 2021 Direct F1, F4
holding AVID Common Stock 27K Jul 20, 2021 By Daughter F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 15, 2021.
F2 The price reported in Column 4 is a weighted average price. The shares were disposed on July 20, 2021 in multiple transactions at prices ranging from $36.24 to $37.23, inclusive. The reporting person undertakes to provide to any security holder of Avid Technology, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F3 The price reported in Column 4 is a weighted average price. The shares were disposed on July 21, 2021 in multiple transactions at prices ranging from $36.56 to $37.56, inclusive. The reporting person undertakes to provide to any security holder of Avid Technology, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F4 The price reported in Column 4 is a weighted average price. The shares were disposed on July 21, 2021 in multiple transactions at prices ranging from $37.57 to $37.81, inclusive. The reporting person undertakes to provide to any security holder of Avid Technology, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F5 The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.